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CONSUMAT SYSTEMS ANNOUNCES LETTER OF INTENT TO SELL CONSUMAT SANCO

 CONSUMAT SYSTEMS ANNOUNCES LETTER OF INTENT TO SELL CONSUMAT SANCO
 RICHMOND, Va., Nov. 4 /PRNewswire/ -- Consumat Systems, Inc. (NASDAQ: CSMTC) announced today that it has signed a Letter of Intent to sell 100 percent of Consumat Sanco, Inc. to National Waste Industries,
Inc. of Pittsburgh, Pa. Terms of the sale were not disclosed. The transaction is scheduled to close by Dec. 31, 1992. According to Robert L. Massey, President and CEO of Consumat Systems, "the sale price is sufficient to repay the Company's secured and unsecured creditors."
 Consumat Sanco is a wholly owned Consumat Systems' subsidiary that owns and operates a landfill in Bethlehem, N.H. The sale is part of Consumat Systems' restructuring efforts whereby the Company is refocusing on its core business, the design and manufacture of controlled air incineration systems and related air pollution equipment. Consumat Systems sells principally to the medical and commercial markets.
 The sale of Consumat Sanco is subject to ordinary course due diligence investigations, refinancing contingencies and the negotiation of definitive purchase and sale documents.
 -0- 11/4/92
 /CONTACT: Patricia B. Bradley, Consumat Systems Inc., 804-746-4120/
 (CSMTC) CO: Consumat Systems, Inc.; Consumat Sanco, Inc.; National Waste
 Industries, Inc. ST: Virginia, Pennsylvania, New Hampshire IN: SU: TNM RCN


CM -- CH002 -- 2364 11/04/92 09:58 EST
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Publication:PR Newswire
Date:Nov 4, 1992
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